EPOS vs POS: Which One Is the Best for Expanding Your Business
Running a business is all about continually growing and developing. This means that there will come a point wherein it will finally be time to expand your business. It’s best that you don’t take this decision lightly, as expanding can be quite tricky. To maximise your chances of success, it’s best to do all you can to ensure that you expand successfully. And while this means making the necessary changes to your business, it also means minding the most minute details.
One thing that will make expanding infinitely easier is choosing the right type of point of sales systems. When it comes to point of sales systems, you only really have two choices: electronic point of sales (EPOS) or traditional point of sales (POS) systems. While these two systems may seem similar to the uninformed, they actually have their unique advantages.
In order to choose the best one for your business, it’s important that you are as informed as you can possibly be. To make this easier for you, we’ve put together a brief discussion on POS and EPOS systems and EPOS vs POS. If this is something that you want to learn more about, read on as we break down which point of sales system is best for expanding your business.
Defining EPOS and POS
Before we dive into the unique advantages of these two point of sales systems, it’s crucial that you have a good understanding of what these point of sales systems are. Here’s a quick refresher on the definitions of both EPOS and traditional POS systems:
- POS: Many of you may already be familiar with traditional POS systems as it is likely that this is what you’re currently using for your business. A traditional POS or a legacy POS is essentially a computer with software. The main thing that you have to understand about traditional POS systems is that the systems are designed to focus on completing sales transactions. Traditional POS systems are quite common and have been used for many years.
- EPOS: An EPOS system is a combination of both hardware and software that’s designed to help you run your business more efficiently. Depending on the type of EPOS system you make use of, it is either held in servers on your premises or in the cloud. The main difference between traditional POS and EPOS systems is EPOS allows for accurate stock control and more intricate sales transactions where offers or specials can be applied. Another key difference is that EPOS systems can use portable hardware such as tablets instead of computers.
EPOS vs POS
Now that you have a good understanding of these two systems, it’s time to discuss which one is the better option for when you’re expanding your business. Because it’s likely that you’re already using a traditional POS system, we’ll mostly be talking about how EPOS systems can come in handy when you’re expanding your business.
One of the biggest draws that come with switching over to an EPOS system is the amount of time and money it can save your business. This is because EPOS systems allow you to automate many parts of the selling process. Not only will automation help speed things up but it also allows you to cut down on unnecessary labour costs. Once you start to expand, it’s important that you make sure that every aspect of your business is optimised. By running your businesses efficiently, you give yourself the best chance of successfully expanding.
Speaking of efficiency, EPOS systems also streamline the buying process. Today’s consumers want everything fast and convenient, which is why it’s important to cut down on waiting time. EPOS systems run in order to make the buying process faster and to limit the queue in front of the POS terminals or cash registers. Faster transactions also help you, as it entails that more transactions will be completed. This alone will make the investment in EPOS systems well worth the initial cost.
Expanding also means that you’ll need to be able to keep track of all the comings and goings of your business. EPOS systems are great for this as they automate inventory tracking. EPOS systems provide you with real-time inventory and sales reports to identify where you are running low on items. Real-time inventory tracking also allows your customers to look up items in your inventory via an integrated e-commerce website. This will improve customer satisfaction as real-time inventory tracking allows you to better provide them with the products they need.
Conclusion – EPOS vs POS
We hope this article proves to be useful when it comes to furthering your understanding of how these two POS systems differ. While traditional POS systems may be suitable for your business, you will eventually need to make the switch in order to fully maximise the potential of your business. With that being said, switching over to an EPOS system isn’t the only thing you need to do. You will still need to make the necessary preparations and planning in order to expand successfully.
Expanding your business in an increasingly competitive market requires the most advanced investments. Easitill EPoS System is one of the best EPoS systems in the UK, dedicated to improving the efficiency of your business and offering a complete, scalable solution to ensure your store’s growth and success. Contact us today and learn how we can help!